Iran and Armenia to boost current capacity of electricity exchange
Iranian Energy Minister Hamid Chitchian said that once the third Iran-Armenia power transmission line comes on stream, it will increase the current 300 megawatts (MW) capacity to 1200 MW, IRIB reported on Monday.
Chitchian made the remarks on the sidelines of the 14th Iran-Armenia joint economic committee meeting in Tehran, co-chaired by Armenian Minister of Energy Infrastructures and Natural Resources Ashot Manukyan.
The Iranian minister underscored both countries’ potentials for cooperation in different areas and urged the Armenian government to take necessary measures to facilitate trade between the two countries’ companies. According to Armenian press, the country is eager to carry out huge work to increase its trade turnover with Iran.
In October, Armenia held its first exclusive trade exhibition in Iran and some 91 Armenian companies active in the sectors of construction, transportation, agriculture, tourism, information technology, banking and insurance as well as medical equipment, food and garment showcased their latest products and achievements in the four-day event.
Today, Armenia receives about 365-370 million cubic meters of Iranian gas a year, which is converted into electricity and is shipped back. Earlier Tehran said exports of natural gas to Armenia will increase from one million cubic meters to 3 million cubic meters a day. -0-.